Investment Advisory Services

H-GAC is requesting proposals from qualified and experienced investment advisory firms to manage our public funds portfolio in accordance with the Texas Public Funds Investment Act (PFIA), Texas Government Code Chapter 2256 and H-GAC's established Investment Policy. Rooted in principles of prudent money management, our investment strategy prioritizes the safety of public funds as its primary objective, with a secondary focus on maintaining sufficient liquidity to meet ongoing operational obligations. Our investment policy emphasizes a balanced approach that maximizes interest yield while ensuring robust diversification. H-GAC's investment style is characterized as moderately active, typically purchasing investments with the intent to hold until maturity while maintaining the flexibility to execute strategic pre-maturity sales when such transactions can be demonstrated to benefit the overall portfolio. Under the direct oversight of the Chief Financial Officer, H-GAC seeks a professional investment advisory firm to provide day-to-day administration and investment advisory services for our current portfolio of approximately $35 million. The selected firm will be expected to navigate complex financial landscapes with precision, maintaining our commitment to financial prudence, transparency, and responsible stewardship of public funds.

The Houston-Galveston Area Council (H-GAC) is the region-wide voluntary association of 133 local governments and local elected officials in the 13-county Gulf Coast Planning region of Texas. Local elected officials organized H-GAC in 1966 after authorization by State enabling legislation. Its service area is 12,500 square miles and includes more than 7-million residents. H-GAC is governed by a 36-member Board of Directors composed of local elected officials, who serve on the governing bodies of member local governments. All H-GAC programs are carried out under the policy direction of its Board of Directors. H-GAC’s mission is to serve as the instrument of local government cooperation, promoting the region’s orderly development and the safety and welfare of its residents. H-GAC is the regional organization through which local governments consider issues and cooperate in solving area-wide problems. Agency programs emphasize local government concerns, such as transportation, air and water quality, criminal justice, demographic analysis, mapping programs, and intergovernmental purchasing. H-GAC also serves its citizens through workforce development programs, services to the aging and elderly, and small business finance programs.